Leena Rao is currently working as a writer for TechCrunch. She recently finished graduate school of the Medill School of journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007 she helped lead efforts for advocacy and community relationships Congressman Carloyn Maloney in New York. She graduated from Columbia University in 2003 where it was ... ? Read More
Flush with $ 100 million in new funding, the area continues to grow as weeds in the space of mobile payments. After passing the mark of $ 3 million at the end of may, every day now is $ 4 million in mobile payments and is on track to achieve more than $ 100 million in transactions in July. And COO Keith Rabois tells us that he expects the company to double the volume by October.
At the end of June the area raised a massive round of financing, which valued the company above $ 1 billion. While the announcement revealed that the area was nearly $ 4 million payments a day, but the company surpassed Mark a month later. Rabois tells us that the international expansion is part of the next phase of economic growth. He looked forward to the possibility of payment of the initial launch of the outside of the United States in 2012.
And the iPad using square is on the rise, especially after the company launched subversive new application iPad replace cash registers, and loyalty cards. Breakdown in terms of use are the iPad (21%), iPhone (45%), iPod (3%) and Android (31%).
Last year, the area has sent more than 500 000 credit cards readers, processed more than 1 million transactions per month. And square device now sold in Apple stores.
In principle, if you do not accept square seriously, perhaps you should reconsider.
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